18 Share Tips – 4th September 2023
Michael Gable, Fairmont Equities BUY RECOMMENDATIONS BUY – IGO Limited (IGO) IGO is a nickel and lithium miner. The shares fell from $16.12 on July 14 to $12.33 on August 17. It has since found buyer support to trade at $13.775 on August 31. Momentum indicators have also triggered a buy signal. Fears…
18 Share Tips – 28th August 2023
Tony Paterno, Ord Minnett BUY RECOMMENDATIONS BUY – Endeavour Group (EDV) The company operates liquor outlets, hotels and gaming facilities. Group net profit after tax of $529 million beat our estimates by 3 per cent, and was largely driven by stronger-than-expected operating profit margins in the hotels segment. We think liquor demand is…
18 Share Tips – 21st August 2023
Jed Richards, Shaw and Partners BUY RECOMMENDATIONS BUY – CSL (CSL) The biotechnology giant was sold off aggressively in June following a trading update that missed positive market expectations. Investors appear too narrowly focused on CSL’s legacy businesses at the expense of the newer growth opportunities that are showing potential. I see the…
18 Share Tips – 14th August 2023
Christopher Watt, Bell Potter Securities BUY RECOMMENDATIONS BUY – South32 (S32) South32 is a diversified mining and metals company. Commodities include aluminium, alumina, manganese, nickel, silver and coal. The company offers exposure to commodities that play a vital role in powering the green energy transition. S32 is reducing costs and has a strong…
18 Share Tips – 7th August 2023
Arthur Garipoli, Seneca Financial Solutions BUY RECOMMENDATIONS BUY – IGO Limited (IGO) IGO owns and operates nickel mines in Western Australia. IGO also has a stake in the Greenbushes lithium mine via a joint venture. The company recently reported underlying EBITDA of $636 million for the June quarter, an increase of 19 per cent…
18 Share Tips – 31st July 2023
Stuart Bromley, Medallion Financial Group BUY RECOMMENDATIONS BUY – Goodman Group (GMG) This global industrial property giant has an occupancy rate of 99 per cent, with quality long-term tenants. The company continues to build for the future, with $13.9 billion of projects in the pipeline. Particularly encouraging in the near term is the…
18 Share Tips – 24th July 2023
Harrison Massey, Argonaut BUY RECOMMENDATIONS BUY – Centaurus Metals (CTM) This aspiring nickel sulphide producer recently acquired the offtake rights to future production at its Jaguar Project in Brazil, which we believe is transformational for the company. Centaurus now has control and options over future nickel sales from Jaguar. In our view, CTM…
18 Share Tips – 17th July 2023
Tony Paterno, Ord Minnett BUY RECOMMENDATIONS BUY – Harvey Norman Holdings (HVN) We have reduced our fiscal year 2023 underlying pre-tax profit forecast by 10 per cent to $676 million. We have lowered our fiscal year 2024 underlying pre-tax profit forecast by 6 per cent to $655 million. Despite revisions to our near…
18 Share Tips – 9th July 2023
Braden Gardiner, Tradethestructure BUY RECOMMENDATIONS BUY – BHP Group (BHP) The global miner has been attracting buyers on the back of improving investor sentiment towards commodities. Also, I expect the potential for an improving Chinese economy to provide further support to the share price. Technically, I expect a move above $46 to propel the shares through…
18 Share Tips – 3rd July 2023
Peter Day, Sequoia Wealth Management BUY RECOMMENDATIONS BUY – Lovisa Holdings (LOV) This fashion jewellery and accessories retailer has generated strong sales growth on the back of persistent store growth across existing and new markets. Offering highly competitive price points is proving resilient. However, despite a relatively attractive position, we expect like-for-like sales…
